The market witnessed a strong bullish momentum today, with several stocks giving clear breakouts backed by volume. I closely tracked most of these moves.
Among them, KFIN Technologies has stood out — showing strength after a decisive breakout above a small resistance zone and respecting the ascending trendline support.
• ✅ Current Price: ₹1253
• 🔼 Previous High Target: ₹1642 (Life High)
• 📊 RSI at 71+, indicating strong momentum
• 📈 Price moving above key moving averages
Although the structure looks bullish and further upside could be possible, valuations are starting to feel a bit expensive. So, if you’ve already missed the breakout and still wish to enter — do so only if you have high conviction.
As always: entry at breakout is best, chasing rallies may impact your risk-reward.
⸻
Analysis By Mayur Jayant Takalikar -- For LEARNING & OBSERVATIONAL USE ONLY.
⚠️ Disclaimer:
I am not a SEBI-registered advisor. This post is for educational and informational purposes only. Please do your own research or consult with a certified financial advisor before taking any investment decision.
Among them, KFIN Technologies has stood out — showing strength after a decisive breakout above a small resistance zone and respecting the ascending trendline support.
• ✅ Current Price: ₹1253
• 🔼 Previous High Target: ₹1642 (Life High)
• 📊 RSI at 71+, indicating strong momentum
• 📈 Price moving above key moving averages
Although the structure looks bullish and further upside could be possible, valuations are starting to feel a bit expensive. So, if you’ve already missed the breakout and still wish to enter — do so only if you have high conviction.
As always: entry at breakout is best, chasing rallies may impact your risk-reward.
⸻
Analysis By Mayur Jayant Takalikar -- For LEARNING & OBSERVATIONAL USE ONLY.
⚠️ Disclaimer:
I am not a SEBI-registered advisor. This post is for educational and informational purposes only. Please do your own research or consult with a certified financial advisor before taking any investment decision.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.